The Permian Basin is a world-class reservoir, one of the few regions in the U.S. with opportunities for sustainable growth. Our Permian assets are located in West Texas and southeastern New Mexico, including Glasscock, Loving, Martin, Midland, Pecos, Reagan, Reeves, Upton and Ward Counties in Texas; and Lea County in New Mexico. Oil and gas assets in the Permian Basin are vital contributors to U.S. energy security, and recent use of enhanced oil recovery practices has further accelerated production. The Permian Basin provides nearly 40 percent of all oil production in the United States and nearly 15 percent of its natural gas production. Granite Ridge partners with numerous companies in the Permian Basin and acquires new assets in the region on an ongoing basis.

The Eagle Ford Shale is a hydrocarbon-producing geological formation named after the town of Eagle Ford, Texas — but the region extends much further. Comprising over 26 counties, Eagle Ford comprises about 400 miles across Texas, right up to the Mexican border. The formation is about 50 miles wide, and an average of 250 feet thick. The southern Texas portion of Eagle Ford has the highest percentage of carbonate shale, in concentrations of up to 70%, with shale content increasing further northwest. Because of its high carbonate percentage, the Eagle Ford Shale responds well to hydraulic fracturing. Granite Ridge’s Eagle Ford assets are located in Gonzales, Karnes, La Salle and McMullen counties in South Texas.

The Bakken Shale formation is a prolific oil source that has become even more important in recent years as a critical source of new U.S. oil production. Beyond its potential as source rock, the formation also contains significant producible oil reserves that have been made more accessible through hydraulic fracturing and directional drilling technology. The majority of Bakken drilling and production takes place in North Dakota, but the formation also includes reservoirs in Montana and the Canadian provinces of Saskatchewan and Manitoba. Granite Ridge’s Bakken portfolio includes properties in Richland County, Montana; and Billings, Burke, Divide, Dunn, Golden Valley, McKenzie, McLean, Mountrail, Stark and Williams Counties in North Dakota.

The Haynesville Shale formation comprises about 9,000 square miles across southwestern Arkansas, northwest Louisiana, and east Texas, and averages about 200 to 300 feet thick. Overlain by sandstone and underlain by limestone, it contains vast quantities of natural gas which can be produced through hydraulic fracturing and directional drilling. As these technologies have advanced and become more cost-effective, Haynesville has emerged as an important source of U.S. energy. Our Haynesville properties include acreage in Caddo and De Soto counties in northwest Louisiana.

The DJ Basin includes Denver and Julesburg Basins in Northeast Colorado, and extends to parts of Southeast Wyoming, South Dakota, Nebraska, and Kansas. This formation is rich in crude oil and natural gas. Located on the eastern side of the Rocky Mountains, the DJ Basin consists of sedimentary rock layers, including cretaceous sandstones, Permian sandstones, dolomites and limestones. The region is famous for dinosaur fossils as well as oil, which has been produced here since 1901. Granite Ridge’s DJ Basin holdings are concentrated in Adams and Weld Counties in Colorado.

The Utica Shale is a premier energy resource and one of the most geologically significant formations in the eastern United States. The Utica Shale lies beneath the Marcellus Shale and spans several states in the Appalachian Basin, including Ohio, Pennsylvania, and West Virginia. The Utica Shale is a major source of natural gas, natural gas liquids, and condensate, with production varying across the dry gas, wet gas, condensate, and oil windows. Granite Ridge’s Utica assets are concentrated in Carroll, Harrison, and Guernsey Counties.